Wall Street Has Best Week Since 1938

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U.S. equity markets rallied Thursday after the Federal Reserve’s plan to provide $2.3 trillion in lending to households and businesses overshadowed a surge in jobless claims.


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The Dow Jones Industrial Average rose 285 points, or 1.22 percent, narrowly missing gains that would have registered the index’s best week since 1938. The S&P 500 and Nasdaq Composite were higher by 1.45 percent and 0.77 percent, respectively.

U.S. financial markets are closed Friday in observance of Good Friday. The benchmark S&P 500 on Wednesday exited its bear market that began on March 12, making it the second shortest in history.

Read more at foxbusiness.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!

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